Fyers Account Opening is now becoming very easy with Adhar
Established in 2015, this low brokerage stock broking firm from Bangalore founded by Khoday brothers had one objective in mind – to bridge the gap between traders’ preference vis-à-vis offerings from the brokers. With an USP of “Thematic Investment” FYERS has been gaining popularity at a faster pace, since its inception.
How to Open Fyers Demat Account Online
And every eventful year is their mark of success where they thrive to be more customer centric. FYERS, an acronym for Focus Your Energy and Reform Yourself, is a registered member of NSE BSE, and MCX & allows domestic retail investors on their platform to invest in stocks, commodities, currencies and F&O at much lower rates compared to traditional full-service broking firms.
Opening account with FYERS is fairly simple and can be done both online as well as offline.
Document Required to Open Fyers Account
Follow the step by step guide to open your FYERS account and start enjoying their seamless platform loaded with a host of unique features to trade at lowest rate.
Keep these mandatory documents ready while you initiate account opening procedure with FYERS.
PAN card
Aadhaar Card
Passport sized photo
Cancelled cheque
Voter ID
Fyers Account Opening Fees
Before opening account with FYERS, you should be aware of the charges
Demat and Trading Account Opening Charges – Rs 400/-
Demat AMC Charges – Rs 300/-
Existing clients having account with FYERS on or before 31 st March 2020 will continue to enjoy ZERO AMC. Revised AMC charges are effective from 1 st April 2020 and are debited from trading account ledger on a quarterly basis.
Fyers offline Account Opening Procedure
There are two ways you can open account with FYERS via offline mode – either ask the sales
team for an application form or go online and fill up details, take a print out, sign and send it to their Bangalore office. Visit the official page of FYERS and click Open an Account on the right corner of your screen or click to access account opening page directly.
OPEN A FREE DEMAT ACCOUNT
Key in your mobile number, email id and full name and submit. FYERS team will then contact you and guide you on further steps of completing the application process.
Alternatively, after entering mobile number, email id and full name, generate OTP. After OTP verification, you have to enter PAN card and DOB. Personal details such as gender, marital status, father and mother’s name is then needed to be keyed in.
Next page is for correspondence details, fill it up and then proceed to the subsequent page which is about choosing the trading segment you are interested in. You will have the option to transact in all the segments namely Equity, Equity Derivatives, Currency derivatives, Commodity derivatives and MF segments.
In the next page enter account number and bank details such as IFSC, MICR code, to which your
bank branch details will automatically be fetched. Next page is all about details regarding your occupation, education, income details and trading experience.
After duly filling it up, you will be asked to upload scanned copy of mandatory documents in the next page. Only pdf/png/jpeg images are allowed. Next select brokerage plan and accept their T&C before submitting.
Fyers Head Office Address
You have to then download the unsigned pdf and put in your signature at relevant places & courier it to the following address :
FYERS Securities Pvt Ltd.
No. 77, Nandidurga Cross Road (Anjenaya Temple Cross),
Jayamahal, Bangalore – 560046.
This completes offline application process. During the application process, at any point in
time to get an update you can either email at support@fyers.in or call their customer support
at 080-6625-1111 / 4625 1111 between 9:00 am to 11:55 pm.
Online Account opening with FYERS
Opening online account with FYERS is very simple and doesn’t take more than 10 minutes.
Step 1 The paperless process is relatively easy, convenient and hassle free. But the prerequisite is that your Aadhaar should be linked with your mobile number in order to open online FYERS account.
Step 2 Visit official website of FYERS and click “Open Demat Account” tab or alternatively click this link and key in your email id and mobile number in order to generate OTP. After OTP verification you need to provide PAN card and DOB followed by personal details such as gender, marital status, father and mother’s name.
Step 3 Next fill in your correspondence address, and opt for the trading segment you are interested in.
Step 4 Next provide bank account number and other details such as IFSC, MICR code. Details regarding your occupation, education, income details and trading experience would follow
Step 5 Upload the scanned copy of mandatory documents in the next page and proceed for e-Signing via Aadhaar.
Step 6 The mobile number linked with Aadhaar will receive OTP for verification purpose. On verification online FYERS account gets opened.
Later you will receive PoA (Power of Attorney) in your registered email id which needs to be printed, signed and courier back to FYERS. Nomination form can also be submitted likewise.
Important forms related to account opening can also be downloaded from their
“downloads” section under “Support” or by accessing https://fyers.in/downloads/
